Unemployment in Chile
Chile - UnemploymentAvailable data suggests that growth halved in the first quarter of the year. Economic activity lost steam in Q1, dragged by a fall in mining output amid adverse weather in February and a lackluster performance by the manufacturing sector. In turn, merchandise exports fell in Q1 and again in April, on lower copper shipments. In addition household spending is also expected to have flagged: Consumer sentiment remained stuck in negative territory and employment rates rose only marginally, pointing to softer spending. On the other hand, fixed investment likely accelerated modestly, buttressed by upbeat business sentiment linked to higher copper prices; however, the recent downturn in commodity markets, owing to escalating trade tensions, threatens to hinder investment going forward. Meanwhile, on 7 May, Moody’s ratified its A1 credit rating with a stable outlook, noting that the country is well prepared to deal with shocks thanks to its institutional and fiscal strengths.
Chile - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Chile Unemployment Chart
Source: National Statistical Insitute (INE) and FocusEconomics calculations
|Bond Yield||4.10||-0.44 %||May 13|
|Exchange Rate||693.4||0.05 %||May 13|
|Stock Market||25,375||-0.67 %||May 13|
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May 9, 2019
At its 9 May monetary policy meeting, the Board of the Central Bank of Chile (BCCh) voted unanimously to leave the key policy rate unchanged at 3.00%, amid weaker-than-expected inflation.
May 8, 2019
According to the National Statistical Institute (INE), consumer prices rose 0.3% month-on-month in April, after March’s 0.5% result.
May 6, 2019
In March, the IMACEC index picked up on the heels of February’s slowdown, which saw the lowest reading since June 2017.
May 6, 2019
The Adimark GfK consumer confidence index rose to 43.2 points in April, from 42.3 points in March.
May 2, 2019
Copper prices remained fairly stable throughout April.